MVC Capital Monetizes Equity Investment In Folio Financial

PURCHASE, N.Y., Oct. 06, 2020 (GLOBE NEWSWIRE) — MVC Capital, Inc. (NYSE: MVC), a publicly traded business development company (BDC) that makes private debt and equity investments, announced the closing of the sale of Folio Financial, Inc. to Goldman Sachs.

“With the sale of Folio, MVC Capital has completed the final chapter of exiting the equity investments from the original meVC Draper Fisher Jurvetson Fund,” said Michael Tokarz, Chairman and Portfolio Manager of MVC Capital. “Although we’ve transitioned to a primarily yielding-focused investment platform, we exhibited the patience necessary to extract value from our equity investments.”

About MVC Capital, Inc.

MVC Capital (MVC) is a business development company traded on the New York Stock Exchange that provides long-term debt and equity investment capital to fund growth, acquisitions and recapitalizations of companies in a variety of industries. For additional information about MVC, please visit MVC’s website at